Business
On account of festival of colours Holi, banks to remain close for 4-days
New Delhi: As we all know that whole nation is gearing up to celebrate festival of colours Holi, the banks throughout north India region will remain closed for at-least 4-to-5 days on account of festival celebrations from 19th to 24th March.
So today is the last day of banks functioning and might be all ATMs will run dry in coming few days. Now you all must feel worried about after reading this news content. Here we will guide you out which are those days on banks will remain closed.
Starting from 20th March, this day will be the non-functioning day of banks as Holika Dahan will be marked, followed by the next 21st that is Holi festival celebration day which will be celebrated along with Dolyatra and Hazrath Ali’s Birthday. Now on 22nd March i.e Friday and banks will open for just one day.
And again banks will remain will closed for next two days on account of Fourth Saturday of the month i.e 23rd March followed Sunday on 24th which is considered official holiday for all including banks.
So customers will not be able to conduct transactions in banks for 4 days in a row as they will be closed from Wednesday in many North Indian states excluding Southern India.
ATMs to run dry for 4-days as banks to observe holidays on festival of colours Holi:
However, according to officials, banks will try to ensure that ATMs remain operational during these holidays.
As we all know that from Wednesday holidays will began with Holika Dahan followed by celebrating the Holi festival next day along with by Hazrath Ali’s Birthday and the weekend.
Banks are closed on second and fourth Saturdays every month. Hence, 4 continuous offs for bank employees in several states.
In states like Tamil Nadu, Kerala and Karnataka, however, there will not be a holiday on Holi, as per the IBA website.
Banks are trying to ensure that ATMs remain operational during these days so that people don’t have any cash problem, a senior public sector bank official said. They are trying to put higher denomination notes in ATM machines to ensure meeting the cash demand, the official added.
Business
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